DE LUCHT EXPERT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DE LUCHT EXPERT
Largest movements
- Deferred charges and accrued income -€14,930
no longer reported in 2025 (was €14,930)
- Tangible fixed assets +€7,333
up €7,333 (+237%), from €3,095 to €10,428
of which Plant, machinery and equipment: +€7,724
- Receivables within one year +€5,863
up €5,863 (+6.2%), from €95,259 to €101,123
of which Trade receivables: +€12,827
- Current investments +€3,919
new in 2025: €3,919
- Cash -€1,519
no longer reported in 2025 (was €1,519)
mainly Other debts (-€40,000) and Investment in fixed assets (net) (-€11,859)
- Other debts -€40,000
no longer reported in 2025 (was €40,000)
- Profit (loss) carried forward +€23,864
up €23,864 (+393%), from €6,075 to €29,938
- Tax, wage and social debts +€16,935
up €16,935 (+274%), from €6,180 to €23,115
- Advances received +€6,139
new in 2025: €6,139
- Debts after one year -€3,437
down €3,437 (-34.4%), from €10,000 to €6,563
- Purchases and services -€50,892
down €50,892 (-20.2%), from €251,891 to €200,999
- Gross operating margin +€35,167
up €35,167 (+103%), from €34,236 to €69,403
- Staff costs +€30,845
new in 2025: €30,845
- Turnover -€15,724
down €15,724 (-5.5%), from €286,127 to €270,403
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,803 | €115,470 | +€666 | +0.6% |
| Fixed assets | 21/28 | €3,095 | €10,428 | +€7,333 | +237% |
| Tangible fixed assets | 22/27 | €3,095 | €10,428 | +€7,333 | +237% |
| Plant, machinery and equipment | 23 | - | €7,724 | +€7,724 | |
| Furniture and vehicles | 24 | €2,306 | €2,704 | +€398 | +17.3% |
| Leasing and similar rights | 25 | €789 | - | -€789 | |
| Current assets | 29/58 | €111,708 | €105,042 | -€6,666 | -6.0% |
| Amounts receivable within one year | 40/41 | €95,259 | €101,123 | +€5,863 | +6.2% |
| Trade receivables | 40 | €17,678 | €30,505 | +€12,827 | +72.6% |
| Other amounts receivable | 41 | €77,581 | €70,617 | -€6,964 | -9.0% |
| Current investments | 50/53 | - | €3,919 | +€3,919 | |
| Cash at bank and in hand | 54/58 | €1,519 | - | -€1,519 | |
| Deferred charges and accrued income | 490/1 | €14,930 | - | -€14,930 | |
| Total equity and liabilities | 10/49 | €114,803 | €115,470 | +€666 | +0.6% |
| Equity | 10/15 | €46,075 | €69,938 | +€23,864 | +51.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €34,000 | €34,000 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €34,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,075 | €29,938 | +€23,864 | +393% |
| Amounts payable | 17/49 | €68,729 | €45,531 | -€23,198 | -33.8% |
| Amounts payable after more than one year | 17 | €10,000 | €6,563 | -€3,437 | -34.4% |
| Financial debts | 170/4 | €10,000 | €6,563 | -€3,437 | -34.4% |
| Amounts payable within one year | 42/48 | €58,729 | €38,968 | -€19,761 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,529 | +€1,529 | |
| Financial debts | 43 | €3,942 | €1,652 | -€2,291 | -58.1% |
| Credit institutions | 430/8 | €3,942 | - | -€3,942 | |
| Other loans | 439 | - | €1,652 | +€1,652 | |
| Trade debts | 44 | €8,607 | €6,534 | -€2,073 | -24.1% |
| Suppliers | 440/4 | €8,607 | €6,534 | -€2,073 | -24.1% |
| Advances received on contracts in progress | 46 | - | €6,139 | +€6,139 | |
| Taxes, remuneration and social security | 45 | €6,180 | €23,115 | +€16,935 | +274% |
| Taxes | 450/3 | €6,180 | €23,115 | +€16,935 | +274% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Turnover | 70 | €286,127 | €270,403 | -€15,724 | -5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €251,891 | €200,999 | -€50,892 | -20.2% |
| Remuneration, social security and pensions | 62 | - | €30,845 | +€30,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,531 | €4,527 | -€1,004 | -18.1% |
| Other operating charges | 640/8 | €1,002 | €1,290 | +€288 | +28.8% |
| Gross operating margin | 9900 | €34,236 | €69,403 | +€35,167 | +103% |
| Operating profit (loss) | 9901 | €27,703 | €32,741 | +€5,038 | +18.2% |
| Financial charges | 65/66B | €620 | €1,579 | +€959 | +155% |
| Recurring financial charges | 65 | €620 | €1,579 | +€959 | +155% |
| Profit (loss) for the period before taxes | 9903 | €27,083 | €31,162 | +€4,079 | +15.1% |
| Income taxes | 67/77 | €7,038 | €7,298 | +€260 | +3.7% |
| Profit (loss) for the period | 9904 | €20,045 | €23,864 | +€3,819 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,045 | €23,864 | +€3,819 | +19.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.